TGS 0.00% 4.9¢ tiger resources limited

Ann: Tiger signs binding agreement to divest DRC operations, page-112

  1. 15 Posts.
    Thanks GSMI, but I think the chances that this is a special resolution is low then:
    could be considered as a strategic or commercial decision and it looks like according to the
    corporations act it is classified as ordinary.

    http://asic.gov.au/for-business/changes-to-your-company/passing-a-company-resolution/
    Ordinary resolutions

    Ordinary resolutions are not specifically defined in the Corporations Act and need only a simple majority (i.e. more than 50% of votes cast in favour) to pass.
    Some decisions that may only require an ordinary resolution include:
    • election/re-election of directors
    • appointment of an auditor
    • acceptance of reports at the general meeting
    • strategic or commercial decisions
    • increasing or reducing number of directors
    • passing a board limit resolution (for public companies).
 
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